Terms and Conditions of Insurance for Business
1. Property Covered
The Property Covered is the goods contained in the categories listed on Your Confirmation of Insurance relating to Your business or commercial venture whilst within an individual self storage unit at the Self Storage Location shown on the Confirmation of Insurance. The goods in each category are as defined in the ‘Business Goods Category Definitions’ on the NSIP website.
A Self Storage Location is a secure storage facility that offers do-it-yourself storage space. An individual self storage unit is a fully enclosed locked container, room, compartment and/or locker used for storage to which You have the right to exclusive access.
You are covered for physical loss of or damage to the Property Covered arising from fire (and/or the additional perils listed below) occurring during the Period of Insurance shown in the Confirmation of Insurance. The additional perils covered are explosion, lightning, aircraft, earthquake, riot, civil commotion, storm, flood, burst pipes, impact by road vehicles, sprinkler leakage, theft where entry or exit to Your individual self storage unit was effected by forcible and violent means, malicious damage, moth, insect or vermin from a source outside of the Property Covered.
3. Transit Extension
You are covered for physical loss of or damage arising from fire (and/or the additional perils listed below) to the Property Covered occurring during the Period of Insurance shown in the Confirmation of Insurance whilst in transit within an enclosed car or commercial road vehicle:-
The additional perils covered are:
This insurance does not cover:
This insurance does not cover:
4.1 more than the Sum Insured shown in the Confirmation of Insurance.
4.2 the first £25 of each and every claim increased to £100 in respect of damage caused by moth, insect or vermin.
4.3 more than £10,000 or 25% of Your Sum Insured, whichever is the least, in respect of theft or malicious damage when the Property Covered is not in an individual self storage unit
4.4 any item that You are not permitted to store according to the terms of the applicable self storage licence agreement.
4.5 any of the following items :
4.6 costs not directly incurred as a direct result of loss of or damage of the Property Covered
4.7 loss of data. For the purposes of this exclusion data shall be information represented or stored electronically including code or series of instructions, software programs and firmware.
4.8 any consequence of war, invasion act of foreign enemy, hostilities or a warlike operation or operations (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, nationalisation or requisition or destruction of or damage to property by or under the order of any government or public or local authority.
4.9 loss of or damage to the Property Covered caused by or arising from any act including (but not limited to) the use of violence or threat thereof, by any group of persons (whether acting alone or on behalf of or in connection with any organisation or government) committed for political, religious, ideological or similar purposes (including the intention to influence any government or to put the public or any section of the public in fear).
4.10 loss of or damage to Property Covered caused by or arising from:
4.11 any claim to the extent that the provision of such cover would expose Insurers to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America.
5. General Conditions
5.1 VALUATION CLAUSE:
5.2 AVERAGE CLAUSE:
Failure to insure Your Property Covered for the correct Sum Insured will result in Your claim for loss or damage being limited to a proportion of the loss that the Sum Insured bears to the total value of all of the Property Covered.
5.3 PAIRS AND SETS CLAUSE:
Where any item is part of a pair or set We will only pay for the actual parts, which are lost or damaged. No payments will be made for articles that are not damaged.
If You misrepresented any information We have requested Your policy may be invalidated or result in certain covers not operating fully and You may not be entitled to a refund of premium. If You are in any doubt as to whether information is important, please contact NSIP Ltd
5.5 LAW APPLICABLE:
Unless the parties have agreed otherwise in writing any dispute concerning the interpretation of the Policy shall be governed and construed in accordance with English law and shall be resolved within the exclusive jurisdiction of the courts of England and Wales.
5.6 OTHER INSURANCE:
If at the time of any loss or damage there is any other insurance in force this insurance shall only respond to the extent that the loss or damage is not recoverable under the other insurance.
5.7 BASIS OF SETTLEMENT:
Where the damage can be economically repaired We will pay the cost of repair. Where the damage cannot be economically repaired and the damaged or lost item can be replaced, We will replace it. If a replacement is not available We will replace it with an item of similar quality.
Where We are unable economically to repair or to replace an item with an item of similar quality, We will agree a cash payment with you based on the cost price or market value whichever is the least.
Where We can offer repair or replacement through a preferred supplier, but instead You request and We agree to pay a cash settlement, then the amount will not normally exceed what We would have paid Our preferred supplier.
In the event of the total loss or destruction of any article We will not pay more than:
5.8 CLAIMS NOTIFICATION:
Failure to comply with the following requirement will result in a claim being rejected and all benefit under this policy will be lost unless such failure has not prejudiced the investigation, defence or mitigation of the claim:-
In the event of loss or damage which may give rise to a claim under this insurance:
See 7. Claims Procedure for contact details.
If any claim under this insurance is in any respect fraudulent, all benefit under this insurance will be lost, the policy will be invalid and You will not be entitled to a refund of premium.
We may cancel cover at any time by giving 30 days notice to that effect in writing by pre-paid letter post to Your last known address. You may cancel cover at any time after the initial minimum cover period of 28 days by selecting the ‘Cancel’ option in the ‘My account’ section of the NSIP Ltd website and following the on-screen instructions. In either case provided You have not made a claim You will be entitled to a refund of premium for the remainder of the Period of Insurance shown in the Confirmation of Insurance.
6. Complaints Procedure
If You believe that We have not delivered the service You expected, We want to hear from You so that We can try to put things right. If You have cause for complaint You should initially contact NSIP or the manager of RSA at the address shown on Your quotation or schedule, as appropriate. In the unlikely event that they are unable to resolve Your concerns, Your complaint will be referred to Our Customer Relations Team who will arrange for an investigation on behalf of Our Chief Executive.
If they cannot resolve the matter to Your satisfaction, they will provide You with Our final response so that You can, if You wish, refer the matter to the Financial Ombudsman Service. This does not affect Your right to take legal action.
Customer Relations Team
PO Box 255
Financial Ombudsman Service
Harbour Exchange Square
7. Claims Procedure
Select the ‘Make a Claim’ option on the NSIP website and follow the on screen instructions.
To help Us deal with Your claim, You must:
8. Fair Processing Notice
How We use Your Information
Please read the following carefully as it contains important information relating to the details that You have given Us. You should show this notice to any other party related to this insurance.
Who We are
This product is underwritten by Royal & Sun Alliance Insurance plc.
You are giving Your information to Royal & Sun Alliance Insurance plc, which is a member of RSA Group of companies (the Group). In this information statement, We Us and Our refers to the Group unless otherwise stated.
How Your information will be used and who We share it with
Your information comprises of all the details We hold about You and Your transactions and includes information obtained from third parties.
If You contact Us electronically, We may collect Your information identifier, e.g. Internet Protocol (IP) Address or telephone number supplied by Your Service Provider.
We may use and share Your information with other members of the Group to help Us and them:
We do not disclose Your information to anyone outside the Group except:
We may transfer Your information to other countries on the basis that anyone We pass it to, provides an adequate level of protection. In such cases, the Group will ensure it is kept securely and used only for the purpose for which You provided it. Details of the companies and countries involved can be provided on request.
From time to time We may change the way We use Your information. Where We believe You may not reasonably expect such a change We shall write to You. If You do not object, You will consent to that change.
We will not keep Your information for longer than is necessary.
Some of the information We ask You for may be sensitive personal data, as defined by the Data Protection Act 1998 (such as information about health or criminal convictions). We will not use such sensitive personal data about You or others except for the specific purpose for which You provide it and to carry out the services described in Your policy documents. Please ensure that You only provide Us with sensitive information about other people with their agreement.
How to contact Us
On payment of a small fee, You are entitled to receive a copy of the information We hold about You. If You have any questions, or You would like to find out more about this notice You can write to: Data Protection Liaison Officer, Customer Relations Office, RSA, Bowling Mill, Dean Clough Industrial Estate, Halifax HX3 5WA.
9. Notification of Change in Premium and/or Insurance Premium Tax
We reserve the right to change our product's prices at any time without further notice including but not limited to premiums, Insurance Premium Tax and credit/debit card fees. However, We will endeavour to notify all customers of any price change in advance of the next payment being processed.
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